Breakdown of SOC 2 cost

Here’s a rough breakdown:

Pre-audit preparation ($30,000–$50,000+): These are the groundwork costs you’ll likely incur before the audit begins. It includes:

1. Security & risk assessments: Identifying control gaps and vulnerabilities.

2. Policy development & documentation: Crafting internal policies that meet SOC 2 standards.

3. Employee training: Ensuring staff are aligned with new security protocols.

4. Consulting services: External experts to guide to setup and readiness.

Audit costs ($8000-$40,000+): These depend on the audit type and firm tier:

1. SOC 2 Type I: ~$8,000 to $12,000 for startups and SMBs (via boutique/mid-tier audit firms)

2. SOC 2 Type II: ~$15,000 to $40,000 depending on complexity, scope, and firm reputation

With compliance automation tools (like Sprinto), You can expect a much lesser quote.